Global | Q3 GDP nowcasts point to a slowing recovery
Machine learning-led GDP nowcasting points to a recovery in Q3, albeit with slowing momentum through the quarter. China might reach pre-crisis levels of growth while the other big five economies still have ground to make up.
What you will learn:
Some of the statistical data may be prone to potentially large revisions and diverging methodologies across countries make international comparisons difficult.
Our nowcasting methodology can detect more nonlinear relationships in the data than the usual econometric methodology.
Our nowcasts are also more optimistic than the consensus for Japan, the US, and UK, and closer to consensus for China and the eurozone.
Beware the noise in financial market, labour market data, and overarching international comparisons.